MENA: Grain Market 2024

Grain Market Size in MENA

The MENA's grain market rose to $X in 2022, surging by X% against the previous year. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Grain Production in MENA

In value terms, grain production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Egypt (X tons) and Iran (X tons), together accounting for X% of total production. Iraq, Morocco, Algeria and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average grain yield reduced modestly to X tons per ha in 2022, almost unchanged from the year before. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the grain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of grain production in MENA rose modestly to X ha, with an increase of X% compared with 2021. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports in MENA

Grain exports dropped significantly to X tons in 2022, waning by X% on 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, grain exports shrank markedly to $X in 2022. Over the period under review, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Turkey was the largest exporter of grain in MENA, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons) and Jordan (X tons), together achieving a X% share of total exports. Syrian Arab Republic (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grain exports from Turkey stood at X%. At the same time, Oman (X%), Syrian Arab Republic (X%), Jordan (X%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Oman, Syrian Arab Republic and Jordan increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest grain supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Grain Imports

Imports in MENA

In 2022, overseas purchases of grain were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, grain imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Algeria (X tons), Egypt (X tons), Turkey (X tons), Iran (X tons), Saudi Arabia (X tons) and Morocco (X tons) represented the main importer of grain in MENA, achieving X% of total import. The following importers - Yemen (X tons), Libya (X tons), Tunisia (X tons), Israel (X tons), Jordan (X tons) and the United Arab Emirates (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grain importing markets in MENA were Egypt ($X), Turkey ($X) and Algeria ($X), together accounting for X% of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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